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Court rebuffs bank on Estate Financial payout

By   /  Friday, September 16th, 2011  /  Banking & Finance, Banking Industry, Law & Goverment, Top Stories, Tri-County Public Companies  /  Comments Off on Court rebuffs bank on Estate Financial payout

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Venoco’s Ellwood pipeline approved

By   /  Tuesday, September 13th, 2011  /  Banking & Finance, Latest news, Tri-County Public Companies  /  Comments Off on Venoco’s Ellwood pipeline approved

Venoco said Sept. 12 that it has received final approval to build an 8.5-mile pipeline to transport crude oil from its South Ellwood field, off the coast of Goleta, to the shore. “After almost three years in the permitting process, we are very pleased to announce we are ready to begin construction of this pipeline, Read More →

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Calavo Growers’ Q3 profits bruised

By   /  Wednesday, September 7th, 2011  /  Banking & Finance, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Calavo Growers’ Q3 profits bruised

Food marketer Calavo Growers saw earnings slide 54.4 percent to $2.7 million, or 18 cents per diluted share, despite higher revenues in the third quarter, it said Sept. 7. Its profits were constrained by high fruit costs in its fresh foods segment and a smaller supply of fresh avocadoes, it said, although sales jumped 44 Read More →

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Heritage Oaks Bank names new CEO

By   /  Wednesday, September 7th, 2011  /  Banking & Finance, Banking Industry, Latest news, Tri-County Public Companies  /  Comments Off on Heritage Oaks Bank names new CEO

Simone Lagomarsino will take the reins at Paso Robles-based Heritage Oaks Bank as president and CEO on Sept. 10. Lagomarsino succeeds current CEO Larry Ward, who announced his retirement earlier this year. Heritage Oaks, the parent of the Business First Bank brand in Santa Barbara, is the third-largest regionally based bank in the Tri-Counties. It Read More →

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Venoco sued over CEO’s offer

By   /  Friday, September 2nd, 2011  /  Banking & Finance, Law & Goverment, Top Stories, Tri-County Public Companies  /  Comments Off on Venoco sued over CEO’s offer

A shareholder of Venoco has filed a lawsuit to block a proposal by the CEO of the oil and gas company to buy the half of the company he doesn’t already own, alleging that the proposed buyback undervalues the firm. Tim Marquez, the CEO and president of Venoco, has offered $12.50 per share to buy Read More →

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NiMin drums up $4M

By   /  Thursday, September 1st, 2011  /  Banking & Finance, Latest news, Tri-County Public Companies  /  Comments Off on NiMin drums up $4M

NiMin Energy Corp., an independent oil company based in Carpinteria, has raised $4 million in a private placement with an Australian bank. NiMin owns and drills onshore oil fields near Bakersfield and in Wyoming and southern Louisiana. It said the money will go toward developing its assets near Bakersfield. NiMin said it sold 2.7 million Read More →

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Semtech, QAD earnings increase

By   /  Thursday, August 25th, 2011  /  Banking & Finance, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Semtech, QAD earnings increase

Semtech earns $27.1M, amps up repurchase program Semtech Corp. said Aug. 25 that it earned $27.1 million in second-quarter profits and that it would expand its stock repurchase plan by $36 million. The board of the Camarillo-based semiconductor firm had previously authorized $14 million as part of the plan to buy back stock. Semtech saw Read More →